Match the accounting terminology to the definitions (Click the icon to view the definitions.) Definitions
1. Certified management accountants
2. Accounting
a. information system that measures business activities, processes that information into reports, and communicates the results to decision makers
b. professional accountants who serve the general public
c. person or business to whom a business owes money
d. field of accounting that focuses on providing information for internal decision makers professionals who work for a single company field of accounting that focuses on providing information for external decision makers
3. Managerial accounting
4. Certified public accountants
5. Financial accounting
6. Creditor

Select the correct answer. which is a benefit of planning for your future career? a. being less prepared after high school. b. having higher tuition in college. c. earning college credits in high school. d. ruining your chances of having a successful career.

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

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